Holidays coming...? Pump prices rise... Of course...
i've watched for many, many years (too many, in fact) as gasoline prices increased just before the holidays - christmas, the fourth of july, memorial day, whatever...
something just occurred to me... maybe the oil companies, since most of them are vertically integrated (exploration to well-head to transportation to refinery to pipeline to your local gas/convenience store), have decided that it's a better strategy to just raise the price of a barrel of oil... that gives them the (nearly transparent) fig leaf of blaming a price rise in crude rather than gouging by retailers... it also not only produces additional revenue in gasoline but also heating oil, natural gas, and all other petroleum products as well as commensurate revenue gains around the world, not just in the u.s... is that possible...? (what am i saying...? of COURSE, it's possible...) Submit To Propeller
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With winter weather settling in, oil appeared set to move back over $60 a barrel — with a corresponding rise in natural gas, the other main fuel of choice.
something just occurred to me... maybe the oil companies, since most of them are vertically integrated (exploration to well-head to transportation to refinery to pipeline to your local gas/convenience store), have decided that it's a better strategy to just raise the price of a barrel of oil... that gives them the (nearly transparent) fig leaf of blaming a price rise in crude rather than gouging by retailers... it also not only produces additional revenue in gasoline but also heating oil, natural gas, and all other petroleum products as well as commensurate revenue gains around the world, not just in the u.s... is that possible...? (what am i saying...? of COURSE, it's possible...) Submit To Propeller
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posted by profmarcus at
12/05/2005
